BOSTON - Cassidy Turley FHO, a leader in the commercial real estate services field with extensive experience in the greater Boston office market, today announced that it received two prestigious awards at this year’s Commercial Brokers Association of Massachusetts Achievement Dinner held Thursday, March 8 at the Intercontinental Hotel in Boston. Two leases for Biogen Idec were recognized as the Office Deal of the Year Cambridge, while a Brightcove lease in the city’s first “green” skyscraper won the Office Deal of the Year Boston nod. Cassidy Turley FHO Managing Principal Joe Fallon and Senior Managing Director, Principal Ted Lyon represented the team in the Biogen Idec transactions. Senior Managing Directors, Principals John Boyle and Will Foley joined Fallon and Lyon on the Brightcove team.
“We are honored our hard work has been recognized by the CBA,” said Fallon. “These transactions were a pleasure to work on and I know the entire company feels the same. These awards are a testament to the dedication of everyone at Cassidy Turley FHO to serving our clients.”
The winning Biogen Idec lease transactions in Cambridge totaled 502,660-square-feet, 195,240-square-feet at 17 Cambridge Center and 307,420-square-feet at 225 Binney Street. With the two new buildings, Biogen Idec increased its footprint in Cambridge. Boston Properties represented the landlord for 17 Cambridge Center, while Alexandria Real Estate Equities, Inc. represented the landlord for 225 Binney Street.
The Cassidy Turley FHO team was also recognized for Brightcove’s relocation to 290 Congress Street in Boston. Brightcove, a cloud content services leader, occupies two floors at 290 Congress Street totaling 82,184-square-feet for 400 employees. The mixed-use development at 290 Congress Street includes a 31-story, Class-A office tower, 30,000-square-feet of retail and public space, residential units and a waterfront plaza. As Boston’s first “green” skyscraper, the building is pre-certified LEED Gold, and is ideally situated near in Boston’s growing Innovation District. Boston Properties represented the landlord in the transaction.
The Cassidy Turley FHO team involved in the winning transactions has over 80 combined years of real estate experience in the Boston office market. Boyle, who has nearly 25 years of experience, won CBA’s Broker of the Year Award at last year’s ceremony.
Brightcove Inc., the cloud content services leader, provides a family of products used to publish and distribute the world’s professional digital media. The company’s products include Brightcove Video Cloud, the market-leading online video platform, and Brightcove App Cloud, the pioneering content app platform. Together, more than 3,000 customers in 50 countries rely on Brightcove’s cloud content services to build and operate exceptional media experiences across PCs, smartphones, tablets and connected TVs. For more information, visit www.brightcove.com.
Biogen Idec discovers, develops and delivers to patients worldwide innovative therapies for the treatment of neurodegenerative diseases, hemophilia and autoimmune disorders. Founded in 1978, Biogen Idec is the world’s oldest independent biotechnology company. Patients worldwide benefit from its leading multiple sclerosis therapies, and the company generates more than $5 billion in annual revenues. For product labeling, press releases and additional information about the company, please visit www.biogenidec.com.
Boston Properties is a fully integrated, self-administered and self-managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office space, one hotel, two residential properties and three retail properties. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets - Boston, Midtown Manhattan, Washington, D.C., San Francisco and Princeton, N.J.
Alexandria Real Estate Equities, Inc. is the largest owner and preeminent REIT, and leading life science real estate company, focused principally on science-driven cluster development through the ownership, operation, management, and selective acquisition, development and redevelopment of properties containing life science laboratory space. Alexandria is the leading provider of high-quality, environmentally sustainable real estate, technical infrastructure, and services to the broad and diverse life science industry. Client tenants include institutional, pharmaceutical, biotechnology, medical device, product, and service entities and government agencies.
Cassidy Turley is a leading commercial real estate services provider with more than 3,500 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals across the globe. Please visit www.cassidyturley.com for more information about Cassidy Turley.
Linda M. McDonough